Renaissance Technologies LLC Raises Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Renaissance Technologies LLC increased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 92.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,629,242 shares of the semiconductor company's stock after purchasing an additional 780,822 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.5% of Renaissance Technologies LLC's holdings, making the stock its 26th largest position. Renaissance Technologies LLC's holdings in Taiwan Semiconductor Manufacturing were worth $321,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morse Asset Management Inc increased its position in shares of Taiwan Semiconductor Manufacturing by 120.7% in the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after acquiring an additional 9,683 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 31.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company's stock valued at $3,697,000 after purchasing an additional 5,500 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 19.1% in the third quarter. EP Wealth Advisors LLC now owns 25,612 shares of the semiconductor company's stock worth $4,448,000 after purchasing an additional 4,113 shares during the last quarter. Headinvest LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.6% during the third quarter. Headinvest LLC now owns 2,504 shares of the semiconductor company's stock worth $435,000 after purchasing an additional 300 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $4,446,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $5.71 during trading hours on Friday, hitting $156.84. The company's stock had a trading volume of 19,602,894 shares, compared to its average volume of 15,813,147. The stock has a market cap of $813.44 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The firm has a fifty day moving average of $179.21 and a 200-day moving average of $190.90.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.75%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.